JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMC) Sets New 52-Week High – Here’s What Happened

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (NYSEARCA:BBMCGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $116.66 and last traded at $116.48, with a volume of 2150 shares trading hands. The stock had previously closed at $116.32.

JPMorgan BetaBuilders U.S. Mid Cap Equity ETF Price Performance

The stock has a 50 day moving average price of $112.09 and a 200-day moving average price of $108.99. The stock has a market capitalization of $2.01 billion, a P/E ratio of 18.31 and a beta of 1.09.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BBMC. Royal Bank of Canada grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 31,628.6% during the first quarter. Royal Bank of Canada now owns 4,442 shares of the company’s stock valued at $400,000 after buying an additional 4,428 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 235.3% during the first quarter. Goldman Sachs Group Inc. now owns 15,340 shares of the company’s stock valued at $1,382,000 after buying an additional 10,765 shares during the last quarter. Jane Street Group LLC bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the first quarter valued at about $1,592,000. Raymond James Financial Inc. bought a new position in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF during the second quarter valued at about $144,000. Finally, Bank of America Corp DE grew its stake in shares of JPMorgan BetaBuilders U.S. Mid Cap Equity ETF by 3.3% during the second quarter. Bank of America Corp DE now owns 6,721 shares of the company’s stock valued at $655,000 after buying an additional 216 shares during the last quarter.

About JPMorgan BetaBuilders U.S. Mid Cap Equity ETF

(Get Free Report)

The JPMorgan BetaBuilders U.S. Mid Cap Equity ETF (BBMC) is an exchange-traded fund that mostly invests in mid cap equity. The fund tracks an index of US mid-cap equities, selected and weighted by market cap. BBMC was launched on Apr 14, 2020 and is managed by JPMorgan Chase.

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